3 Sep 2013 18:35

Gazprom management board to consider increasing investment program Sept 10

MOSCOW. Sept 3 (Interfax) - The management board of Gazprom will discuss adjustments to the company's investment program on September 10, management board member Yaroslav Golko said during a conference call for investors.

"Yes, we are considering an increase in capital expenditure," he said.

Golko did not provide any specific numbers because the board has yet to consider them.

Originally, Gazprom was going to spend 705 billion rubles of investment this year, with financing for the investment program totaling 841 billion rubles. In the last several years, Gazprom's investment program has surpassed the trillion-ruble point after the September revision.